Season 1 Episode 296
Bitcoin hits its highest weekly close ever at $106,500 while miners face continued profitability challenges, highlighting the growing pivot from traditional mining to HPC operations.
• Bitcoin shows resilience following US credit rating downgrade by Moody's
• Bit Digital reports Q1 earnings with Bitcoin mining now only 31% of total revenue, down from 72% last year
• HPC client base for BitDigital expanded from 1 to 23 clients in one year
• Core Scientific begins receiving HPC revenue in May from their 262-megawatt facility
• Most miners cannot mine profitably even at $105,000 Bitcoin price due to difficulty increases
• Soluna Holdings reports challenges in Q1 but has 220 megawatts of new projects in development
• Mining difficulty increased by 2% with another increase forecasted
• IREN remains the only publicly traded miner that can mine Bitcoin profitably
Let us know in the comments which miner you're watching most closely.
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Published on 7 months, 1 week ago
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